Home Uncategorized TikTok is not in talks with Triller for a possible sale

TikTok is not in talks with Triller for a possible sale

by Hammad Tanveer
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TikTok is not in talks with Triller for a possible sale

TikTok has been in the news for sometime now, with speculation about the change of its ownership. The political tussle between the U.S. and China has also played its fair share in this social media saga. Start of August this year, President Donald Trump threatened to ban TikTok by 15 September. If it was not sell to a U.S. company. As a result the ByteDance filed a lawsuit and this conflict. Opened the flood gates for further diplomatic tensions between the two countries. TikTok is not in talks with Triller for a possible sale

However, in a recent statement a spokesperson for TikTok told CNBC . That the Chinese video sharing platform has share that it is not engage in any talks. About selling to its U.S. business rival, Triller.

TikTok is not in talks with Triller for a possible sale

Bloomberg reported last week that Centricus. A London based global investment firm and U.S. based Triller have expressed interest in buying TikTok’s operations in the U.S. Australia, New Zealand and India for a price tag of $20 billion.

The TikTok spokesperson said, “We can confirm that we are not and will not be in talks with them. Still, we are flattered by how much they admire TikTok,”

However, Bobby Sarnevesht, the Executive Chairman of Triller has share that the bid had been submitte to TikTok’s parent company. ByteDance, based in Beijing.

“We have confirmation that the chairman (Zhang Yiming) and people pretty high up at ByteDance are aware of it. And, we have correspondence going,” Sarnevesht told CNBC.

TikTok is not in talks with Triller for a possible sale

According to U.S. media reports Microsoft so far is at the forefront of the bidding contest to purchase TikTok and ByteDance is reportedly in talks with Microsoft and Oracle for a possible sale. Twitter too has held talks with the parent company around the bid for TikTok.

CNBC reported last week that the resignation Kevin Mayer, CEO of TikTok just months after his appointment is also likely signal that the deal with Microsoft is underway.TikTok is not in talks with Triller for a possible sale

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